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General Catalyst Backs Roughdraft.VC To Fund Student-Run Startups In Boston

12 pointsby zachhover 12 years ago

2 comments

JohnExleyover 12 years ago
This makes a lot of sense to me. As Roughdraft's Peter Boyce pointed out, young founders need less and less funding to get started.<p>This whole thing reminds me of the recruiting craze in the NBA. Remember when guys like KG really drove the trend of skipping college and going straight to the NBA? Recruiters started looking earlier and earlier to find the best talent. When I was like 14 I remember starting to see SLAM magazine articles about the best middle school players in the country. Recruiters tried to befriend the most talented earlier and earlier.<p>This is what the recent news of Roughdraft.VC and Dorm Room Fund remind me of... VC's trying to find founders who aren't looking for funding <i>and</i> maybe haven't founded something yet. And the best way to find them? The students on campus who are the most helpful and have built the most trust with these "about-to-be-founders".<p>That LITERALLY is the definition of Peter Boyce.<p>For those who don't know the story of Boyce, he is the essence of everything startups at Harvard. If you are working on a startup there, you have probably received advice/feedback from him -- or been told to reach out to him. I believe in Roughdraft.VC, and I believe in Peter Boyce.
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jacoblylesover 12 years ago
It looks like GC is doubling down on the early seed funding model. First the YC partnership, now this.<p>There's good economic logic to it (the same portfolio theory behind YC).